The Shenzhen-based company, which manages insurance agent networks for Chinese carriers, is using technology to reinvent the business model – and go IPO.
The insurance industry is keen to sell cyber cover to fintechs in Asia, but selling protection against hackers can be a risky business.
Tomasz Kurczyk, head of digital transformation, says new API strategy in place in Singapore to overhaul insurance business.
Fei Zhang of B3i founding member Allianz says the consortium will transform into a company as it puts debut products into production.
Insurtech is working with AIA and American Family to create a network of insurer data that fuels an A.I.-led reimaging of the industry.
Aviva Digital sees the advice-driven model of selling investments is experiencing a resurgence.
Allianz is pursuing a raft of partnerships in which customer data is valued over traditional commercial metrics for a project, which in turn is impacting product design.
CoverWallet will need more capital to scale, drive deeper user engagement, and possibly enter new markets and new business lines.
Data-rich reinsurers are working with insurers and insurtech companies to transform actuarial work.
Galileo Platforms, a fintech, says its blockchain will help insurers crack new markets at low cost.